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History for Real Time Bidding (history as of 10/27/2014 11:40:14)

 The term Real Time Bidding (RTB) was developed, in order to have an inventory cost-effective price on ad exchanges. Billions of network impressions a day are auctioned to multiple bidders, with the impression going to the highest bidder. Rather than bidding on a block of 1,000 random impressions, advertisers could vary their bid on a specific user based on their previous browsing habits and behavioral intent.

  

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